Stocks to watch: Dime Bancorp, GST Telecommunications, Intertape and more

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SCREAMER: SRS Labssrsl
climbed 62 percent Friday after the developer of voice enhancement technology said that Microsoft
MSFT, -1.70%
has made an equity investment in the company. Terms were not disclosed. The companies have also entered into a strategic technology and marketing alliance. SRS Labs shares gained 12 7/8 to close at 33 5/8 while Microsoft added 1 to 101. See Screamers.

U.S. stocks to watch

Dime BancorpDME, +0.00%
said after the market closed it filed suit against North Fork Bancorp
nfb
and FleetBoston Financial
FBF, +0.00%
alleging the two companies conspired to interfere in the proposed merger of Dime and Hudson United Bancorp
hu
in violation of antitrust laws. Dime shares closed up 1/8 at 15 3/16.

After the market closed, GST Telecommunications "
said it will fire 100 workers, or 8 percent of the company's workforce. The company said the cuts will cover managers and support staff. Shares closed off 3/32 at 9 13/16.

Intertape Polymer GroupITP, -0.50%
said, after the close of trading, that it will post a loss for the fourth quarter. Analysts surveyed by First Call expected the company to earn 36 cents a share. Intertape Polymer also said it expects the weakness to continue through the first half of the year. Shares closed off 1/2 at 22 1/2.

U.S. advancers for Friday

Advanced Tissue Sciences atis
shares soared 69 percent after the company said that it will demonstrate tissue engineering's ability to stimulate blood-vessel formation in the heart. The stock gained 4 15/16 to close at 12 1/8.

ChironCorp.chir
shares were up 3 percent after the company announced it helped determine the complete human sequence for Neisseria meningitidis, the bacterium primarily responsible for meningococcal disease. Shares rose 1 15/16 to 59 15/16. See related story.

Shares of CoreComm Limited COMM, -0.03%
surged 16 percent after the phone and data company said it plans to acquire privately-held ATX Telecommunications Services for $900 million in stock and cash. Shares rose 6 11/16 to 47 7/8.

International PaperIP, -0.85%
shares rose 4 percent after Deutsche Banc Alex. Brown boosted the stock's rating to "strong buy" from "buy." The investment firm was also positive on Georgia-Pacific
GP, +4.65%
and Willamette Industries
"
raising both stocks to "buy" from "market perform." DB Alex. Brown said the fundamentals are improving for the industry. Georgia-Pacific shares rose 1 1/16 to 35 1/4 while Willamette advanced 11/16 to 35 5/8.

Shares of Internet America geek
surged 18 percent after the Internet service provider said that it has signed up to 6,000 customers to its digital subscriber line service in its home state of Texas. Shares rose 1 7/8 to 12 1/8.

Nvidia NVDA, -2.23%
shares soared 18 percent after the company announced that Microsoft
MSFT, -1.70%
selected the company to design and manufacture the 3D graphics and multimedia sub-system for Microsoft's highly anticipated "X-Box" game console. Nvidia shares rose 17 45/64 to 118. On Tuesday, the designer of 3D graphics processors and related software saw its stock rise 42 percent after Standard & Poor's said the company will replace MidAmerican Energy Holdings
MEC, -0.51%
in the S&P MidCap 400 after the close of trading March 9.

RambusRMBS, -1.25%
shares surged 11 percent on plans for a 4-for-1 stock split. A vote is scheduled for May 23. Shares advanced 41 5/8 to 421. See full story.

Tyco InternationalTYC, +74.50%
shares gained 6.3 percent after Salomon Smith Barney raised its 2000 and 2001 estimates each by a dime to $2.20 and $2.60 to reflect stronger than expected trends in Tyco's telecom and electronics and fire and security units. Salomon also boosted the price target to $65 from $50. Shares rose 3 7/8 to 47 1/2.

Uniroyal TechnologyCorp.utci
shares climbed 7.3 percent after the company approved a 2-for-1 stock split of record on March 20, 2000. Shares advanced 4 1/2 to 66 1/2.

U.S. decliners for Friday

Crayfishcrfh
shares pulled back 35 percent after the stock soared 414 percent in its market debut Wednesday. The Japanese Internet service specialist started trading on the Tokyo Stock Exchange Friday with disappointing results. Shares fell 46 1/16 to 85 15/16 on the Nasdaq.

Dial DL, -2.50%
shares dropped 23 percent after the consumer products company warned that its earnings for the first half of 2000 are expected 10-12 percent lower from a year ago. The consensus estimate for the first quarter is 29 cents a share and 33 cents in the second quarter. Dial said it now expects total year 2000 earnings to grow in the range of 5 to 7 percent vs. the previous year, a reduction of about 9 percent compared to previous guidance. Earnings estimates for the second half of the year remain unchanged. Shares fell 3 1/4 to 11. See full story.

LaserVision Centerslvci
shares sank 19 percent after the company said it earned less than analysts expected and said it will take a $2.4 million charge due to turbulence in the industry. The company said that it earned 12 cents a share, excluding the charge. That was a penny less than analysts expected. Additionally, LaserVision said it will take a charge to cover Visx's price cuts announced a few weeks age. LaserVision stock fell 2 to 8 13/16.

National SemiconductorNSM, -2.16%
shares tumbled 11 percent despite posting strong earnings and sales in the third quarter. On Thursday, Warburg Dillon Read lifted its price target on the stock to $100 a share from $68 and maintained its "buy" rating following the strong report. Other analysts followed with their optimistic comments. Shares fell 9 to 70. See full story.

Palm Harbor Homes phhm
shares dropped 18 percent after the company warned that earnings in the quarter ending in March 2000 will come in below year-ago levels and analysts' estimates. A year ago, the company made $10.2 million, or 43 cents a share. The company said credit-related developments are further restricting the availability of mortgage funds in the manufactured housing industry. Shares lost 2 11/16 to 12 11/16.

Petco Animal Suppliespetc
shares dropped 14 percent after the company posted net earnings of $11.1 million, or 52 cents a share. Analysts First Call surveyed expected earnings of 47 cents per share. Quarterly earnings including Internet operations and equity in loss of unconsolidated affiliates were $9.2 million, or 43 cents a share, 4 cents below the consensus estimate. In the same quarter last year, the company earned $7.8 million, or 37 cents. Sales in the quarter advanced to $275.4 million from $241.2 million. Same-store sales in the quarter headed up 8.5 percent and 11.1 percent for the year. Shares of the pet supply specialty retailer slumped 1 15/16 to 11 3/4.

Qwest Communications Q, -0.96%
shares lost 13 percent and shares of US West usw
fell 8 percent. Deutsche Telekom AG
dt
has reportedly ended its talks to buy the two companies. Qwest issued a statement late Thursday announcing the termination of its discussions with an unnamed "major telecommunications company" -- which is widely believed to be Deutsche Telekom. Qwest fell 7 3/4 to 52 1/4 and US West dropped 6 1/8 to 70 3/8. See full story.

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